Pension and Other Post-retirement Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2012

Pension And Other Post-Retirement Benefit Plans Tables

Schedule of Change in Benefit Obligations

The following table shows reconciliations of the Company’s pension and post-retirement plan benefits as of September 30:

	Pension Benefits									Post-retirement Benefits
	2012			2011			2010			2012			2011			2010
Change in benefit obligations:
Benefit obligation at beginning of year	$	15,857,827		$	15,199,060		$	14,900,272		$	857,645		$	825,942		$	1,513,523
Service cost		328,661			333,060			333,425			14,388			13,819			26,229
Interest cost		771,341			776,058			797,680			41,569			41,920			48,987
Participant contributions		—			—			—			88,000			122,000			113,000
Actuarial (gain) loss		2,202,387			338,403			(75,605	)		82,701			30,964			(431,212	)
Benefits paid		(827,657	)		(788,754	)		(756,712	)		(141,000	)		(177,000	)		(162,000	)
Curtailments		—			—			—			243,815			—			(282,585	)
Benefit obligation at end of year		18,332,559			15,857,827			15,199,060			1,187,118			857,645			825,942
Change in plan assets:
Fair value of plan assets at beginning of year		9,458,419			9,179,959			8,813,215			—			—			—
Actual return on plan assets		1,532,489			19,398			699,286			—			—			—
Company contributions		1,339,796			1,047,816			424,170			53,000			55,000			49,000
Participant contributions		—			—			—			88,000			122,000			113,000
Benefits paid		(832,685	)		(788,754	)		(756,712	)		(141,000	)		(177,000	)		(162,000	)
Fair value of plan assets at end of year		11,498,019			9,458,419			9,179,959			—			—			—
Funded status		(6,834,540	)		(6,399,408	)		(6,019,101	)		(1,187,118	)		(857,645	)		(825,942	)
Unrecognized net actuarial loss / (gain)		4,881,181			4,133,593			3,900,917			(186,506	)		(293,680	)		(360,716	)
Unrecognized PSC adjustment		—			—			—			—			—			—
Unrecognized prior service cost		(44,180	)		(60,598	)		(77,403	)		—			—			—
Unrecognized net transition asset (obligation)		—			—			—			160,724			(94,782	)		(106,473	)
Additional minimum liability		—			—			—			—			—			—
(Accrued) prepaid benefit cost		(1,909,179	)		(2,205,217	)		(2,040,781	)		(1,212,900	)		(1,246,107	)		(1,293,131	)
Accrued contribution		—			—			—			—			—			—
Amounts recognized in the Balance Sheets consist of:
(Accrued)/prepaid pension cost as of beginning of fiscal year		(2,205,217	)		(2,040,781	)		(1,091,741	)		(1,246,107	)		(1,293,131	)		(1,306,006	)
Pension (cost) income		(862,576	)		(1,043,758	)		(1,212,252	)		(29,793	)		(5,976	)		(36,125	)
Contributions		1,339,796			1,047,816			424,170			—			—			—
Change in receivable contribution		(181,182	)		(168,494	)		(160,958	)		—			—			—
Net benefits paid		—			—			—			63,000			53,000			49,000
Change in additional minimum liability		—			—			—			—			—			—
(Accrued)/prepaid pension cost as of end of fiscal year		(1,909,179	)		(2,205,217	)		(2,040,781	)		(1,212,900	)		(1,246,107	)		(1,293,131	)

Weighted average assumptions used to determine benefit obligation at September 30,

Discount rate	4.00%	5.00%	5.25%
Expected return on assets	7.75%	8.00%	8.00%
Rate of compensation increase	2.00%	2.00%	3.00%
Measurement Date	10/1/2012	10/1/2011	10/1/2010

Schedule of components of Net Periodic Benefit Cost

	Pension Benefits										Post-retirement Benefits
		2012			2011			2010				2012			2011			2010
Components of net period benefit cost (benefit):
Service cost			328,661			333,060			333,425				14,388			13,819			26,229
Interest cost			771,341			776,058			797,680				41,569			41,920			48,987
Expected return on plan assets			(778,194	)		(743,037	)		(692,297	)			—			—			—
Amortization of prior service			16,418			16,805			16,805				(11,691	)		(11,691	)		(10,432	)
Amortization of transition obligation			—			—			—				—			—			—
Amortization of PSC adjustment			—			—			—				—			—			—
FAS88 recognition - loss on curtailment			—			—			—				—			—			—
Amortization of unrecognized actuarial loss (gain)			705,532			829,366			917,597				(24,473	)		(36,072	)		(28,659	)
Net periodic benefit cost (benefit)			1,043,758			1,212,252			1,373,210				19,793			7,976			36,125
Amounts recognized in the balance sheet consists of:
Prepaid (accrued) benefit liability			(6,834,540	)		(6,399,408	)		(6,019,101	)			(1,187,118	)		(857,645	)		(825,942	)
Prior period adjustment			—			—			—				—			—			—
Regulatory adjustments			—			—			—				—			—			—
Change in receivable contribution			—			—			—				—			—			—
Net amount recognized at end of period			(6,834,540	)		(6,399,408	)		(6,019,101	)			(1,187,118	)		(857,645	)		(825,942	)
Weighted average assumptions used to determine net
period cost at September 30:
Discount rate			4.00	%		5.00	%		5.25	%			4.00	%		5.00	%		5.25	%
Expected return on assets			7.75	%		8.00	%		8.00	%			8.00	%		8.00	%		8.00	%

Schedule of Estimated Pension Plan Payments

The estimated pension plan payments are as follows:

2013	$	912,000
2014	$	942,000
2015	$	980,000
2016	$	1,054,000
2017	$	1,073,000